if AC = Average Cost of production ,
TC = Total Cost of production
VC = Variable Cost of production
FC = Fixed Cost of production
Q = Quantity of goods produced
Then,
a
AC = TC; TC = VC + FC
b
AC = \(\frac{(TC)}{Q}\): TC = VC + FC
c
AC = TC; TC = (VC)(FC) Q
d
AC = TC- FC: VC = TC- AC
e
AC = TC ; TC = VC + AC Q
Explanation
Correct Option
bVideo Explanation
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Discussions (4)
daomigreat
1 year ago
Hey you guys are misleading plenty people please 🥺 try and review your questions thoroughly.
Jinie406
4 years ago
A is wrong because to find Average cost the total cost must be divided by the unit of production. So B is the Correct answer.
